Blockchain Bytes #3 - The MM Blockchain Academy Newsletter

Blockchain Bytes #3 - The MM Blockchain Academy Newsletter

Hi there,

We're thrilled to bring to you the third MM Blockchain Academy Newsletter - Blockchain Bytes! It's a lot of interesting information packed together, and we hope you have as much fun reading it as we did putting it together.

Mainstream Crypto adoption is here, courtesy of the SEC!

Exciting news for the crypto community! The SEC has given the green light to several spot Ether ETFs, including those from big names like VanEck, BlackRock, and Fidelity. This approval represents a major milestone for Ethereum and the broader cryptocurrency market, as it opens the door for more mainstream adoption and investment opportunities. The ETFs’ approval reflects a growing recognition of the importance and legitimacy of digital assets in the financial ecosystem. Link to read more

Adding to this positive momentum is a recent article highlighting that the SEC’s decision on these ETFs signals a crucial stance: Ether and other similar tokens should not be considered securities. This is a game-changer that will encourage further innovation and investment in the crypto space. Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, argued that this approach could extend to other projects’ tokens: “ETH is a commodity, even with its current attributes. That means we can extrapolate to A LOT of other projects what elements matter in a security. Today a lot of things probably clearly became commodities, even if they don’t know it yet.” These recent developments could transform the landscape of digital assets, fostering a more secure and accessible environment for both institutional and individual investors. However, as discussed in the article, this doesn't mean the SEC can't still pursue action against actors in the staking domain.

The momentum generated by these regulatory approvals signals a promising future for the entire crypto ecosystem. As more traditional financial products integrate digital assets, we can expect increased stability and growth in the market. These steps are crucial in bridging the gap between conventional finance and the innovative world of cryptocurrencies, paving the way for a more integrated and dynamic financial landscape.

The approval of ETFs for Ethereum (ETH) and Bitcoin (BTC) marks a significant development as these ETFs are essentially “funds of tokenized assets.” This facilitates the next evolution towards “tokenized funds,” where traditional assets like stocks, bonds, and real estate are represented as digital tokens on a blockchain. This shift will cause substantial disruption in asset management and accounting. Blockchain technology enables real-time tracking and enhanced transparency, allowing anyone to trace ownership and transfer history through blockchain explorers. However, the accounting challenges are significant. Most accountants currently lack the skills to navigate blockchain explorers or nodes of complex networks to trace these transactions at a basic level. This will necessitate up-skilling and re-skilling of accounting professionals. Additionally, universities will need to incorporate blockchain accounting into their curriculum to prepare future accountants for this new landscape.

Announcing - The Certified Blockchain Finance Professional - CBFPTM

Close on the heels of our Blockchain Finance 4-Course Bundle, we’re excited to announce that MM Blockchain Academy is rolling out the Certified Blockchain Finance Professional (CBFP)TM designation—the only industry-accredited certification in blockchain finance, developed with our global partners at the Accounting Blockchain Coalition (ABC), Wiley, and Foundational Technologies Institute (FTI).

Here’s what you need to know about the CBFPTM :

• Credibility for learners and employers: Our partnerships are a signal that the CBFPTM has been rigorously vetted. Typically, only education providers of a globally-accepted standard have been accepted to provide a certification recognized by FTI, Wiley and the ABC. Employers can easily validate the knowledge and experience of Blockchain Finance professionals they’re hiring, and learners are assured of their education being best-in-class.
• Expertise for Finance Professionals and University Students: The CBFPTM designation positions you as an expert in Blockchain Finance, and will make you stand out among your peers. With it, you’re capable of providing guidance on cryptocurrency transactions, workflows and the future of De-Fi to clients, partners, and future employers.
• Blockchain-backed for complete trust: Every CBFPTM Certification can be tracked and authenticated on the blockchain, making it verifiable and absolutely fool-proof.

Our Blockchain Finance Course Series explores how blockchain and the tokenization of real assets will revolutionize the Financial Services industry, enhancing efficiency, transparency, and security. These courses cover the impact of tokenization on traditional assets like stocks, real estate, bonds, intellectual property, and derivatives.

Who is the course and the CBFPTM for?

• Students majoring in Finance, Economics, Management, or any business-related field.
• Working professionals in Finance, Investment Management, and Banking.
• Public and Private sector professionals, CPAs and who need to evaluate digital and tokenized assets that their companies or clients currently hold.

Interested in learning more about our Blockchain Finance Courses or the CBFPTM designation? Contact Larry Liermann at larry@mmba.io.

A book you might enjoy reading

And now for something different. Here’s a book suggestion that we’re truly happy to share. “Brain Wash: Detox your Mind for Clearer Thinking, Deeper Relationships and Lasting Happiness” is written by Dr David Perlmutter, a NYT bestselling author and a expert on the interaction between brain health and nutrition, and his son Dr Austin Perlmutter. Dr. Perlmutter Sr’s gift is deftly connecting the dots with his previous work on brain health and eating habits, to the endless hours we spend doom-scrolling on social media. He goes on to identify several factors that have made our lives less fulfilling than it should be.

Why do we like it? Because Dr Perlmutter puts his money literally where his mouth is. He has outlined a ten-day program that will literally wash your brain, and help you kickstart your own journey to control your mind rather than let it control you.

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